Wilson leads Missouri Bankers Association

Business Today

SIKESTON - Troy L. Wilson, president and CEO of Montgomery Bank in Sikeston, was congratulated by former First Lady Barbara Bush as he was elected chairman of the Missouri Bankers Association. Bush was the keynote speaker at the association's 114th annual convention June 3 at the Chateau on the Lake in Branson.

During his speech at the installation ceremony, Wilson recognized his family and co-workers for their continued support.

"This opportunity would not be possible without a tremendous professional banking staff to work with who are willing to pick up the load and continue," said Wilson. "It is a tribute to them and I'm very happy to represent them and all banks in this endeavor."

He also recognized present and past MBA board members and officers for their dedication and leadership.

The Missouri Bankers Association is comprised of more than 370 members representing more than 35,000 employees of the Missouri banking community. With an annual budget of more than $4.5 million and one of the highest levels of membership representation, 93 percent, the MBA is recognized as one of the premier trade associations in the state.

Addressing the members, Wilson identified three challenges the association faces. Challenges, he said, which "greatly impact our entire state."

These are:

* "We must continue to take an active role in our communities in creating jobs through economic development."

* "It is time for the Treasurer's Office to bring home the $3 billion in out-of-state investments and to put that money to work through Missouri banks to provide more small-business loans and to build back the jobs we've lost in this state. That $3 billion would fuel the creation of 30,000 to 40,000 new jobs in Missouri. Our state government should invest in Missouri, not elsewhere."

* "We, as the Missouri Bankers Association, must strive to continue to offer our members the assistance, support and services that will enable them to better serve their customers. Likewise, we should strive to support our communities by continuing to be the primary provider of capital to businesses."

Wilson has served on several MBA task forces and was previously treasurer of the MBA. He spent 15 years in the Xerox Corp. and owned and operated a business brokerage company for six years prior to entering the banking industry 20 years ago. In 1995, Wilson served on the White House Conference of Small Business at the request of the late Rep. Bill Emerson.

"Small business in this country is the backbone of our economy," Wilson said. "It provides 95 percent of our new jobs and pays over 80 percent of business taxes. While large business in this country has been cutting back on job growth, small business has continued to produce even through difficult economic times.

"Now that we are seeing an increase in job production, we must remember the small businesses in our communities that continue to provide opportunities for their fellow citizens."

Wilson said small business development, particularly in communities served by the association, is very important to the future success of the nation.